Investors commonly encounter issues like loss, theft, or damage of physical securities, such as share certificates. In these situations, companies and Registrar & Transfer Agents (RTAs) permit the issuance of duplicate securities, provided the investor meets specific procedural and legal requirements. One of the most important documents in this process is the Affidavit and Indemnity. […]
Category: RTA Team
ISIN Explained: Meaning, Uses & Importance in Markets
Determining the securities precisely is important in these financial markets. In this ISIN (International Securities Identification Number) secures a crucial role. ISIN is a globally recognized code utilized to uniquely specify securities such as shares, bonds, debentures, and mutual funds. ISIN (International Securities Identification Number) ISIN stands for International Securities Identification Number. It is a […]
SEBI Proposes Unified Category, Activity-Based RTA Rules
For Registrars and Transfer Agents (RTAs), SEBI has proposed rolling out activity-based norms, under which the services provided to listed companies fall within its statutory ambit, while those for unlisted firms will be governed by the Ministry of Corporate Affairs (MCA). RTAs that cater to both listed and unlisted entities shall be needed to build […]
MCA Further Amends Companies (Prospectus and Allotment of Securities) Rules, 2014
The MCA (Ministry of Corporate Affairs) issued a notification on 27th October 2023 introducing amendments to the Companies (Prospectus and Allotment of Securities) Rules, 2014. The amendments aim to streamline public and private companies‘ issuance and management of securities. Government Notification G.S.R. 802(E).—In the exercise of the authority given by section 29 read with section […]
Transmission of Security Guidelines in Joint Demat Accounts i.e. Name Deletion
The NSDL has provided the uidelines for removing deceased holders’ names from joint demat accounts. Surviving holders must submit a specific request with the death certificate within a year of demise. If not, a new account will be opened. The guidelines detail the process for account holder succession, address updates, and verification procedures. The circular […]
Private Limited Companies Are Required To Demat Their Shares
The Ministry of Corporate Affairs issued a notification on October 27, 2023, introducing significant amendments to the Companies (Prospectus and Allotment of Securities) Rules, 2014. The regulations within the Companies Act, 2013, regarding the mandatory dematerialization of shares for private limited companies can be summarized as follows: Section 29 of the Companies Act, 2013 These […]
The ODR Platform For Resolving Investor Complaints
Issuer/Registrar & Share Transfer Agent (RTAs) have been officially notified that under the SEBI Circular (SEBI/HO/OIAE/OIAE_IAD-1/P/CIR/2023/131) dated July 31, 2023, registration on the common is now mandatory. This portal harnesses online conciliation and online arbitration to resolve disputes arising in the Indian Securities Market. Read Also:- For enrolled on Smart ODR platform This innovative platform […]
Grievance Redressal Mechanism – Revised Timeline of 21 Days
In a recent Circular dated August 29, 2023, the attention of Issuers and R&T Agents has been drawn towards a Gazette Notification dated August 16, 2023. This notification is relevant to an important amendment in the Securities & Exchange Board of India (Depositories & Participants) Regulations, 2018, which is regarding, specifically, the amendment concerning the […]
Dematerialised Form AIFs Units Issuance As Per SEBI India
On June 21, 2023, a circular was issued by the Securities and Exchange Board of India (SEBI). It states new regulations for issuing units of Alternative Investment Funds (AIFs) in the form of dematerialization. The action is a crucial move proposing to enhance transparency and protect investors. In the Circular, deadlines and compliance requirements for […]
Top 5 SEBI Registered Registrar and Share Transfer Agent in India
The Registrars and Transfer Agents are important in keeping track of investors’ activities and records. They help manage the buying and selling of shares in mutual funds, along with other tasks like updating personal information and switching between different funds. When investors make these changes, Registrars and Transfer Agents monitor everything to ensure that all […]
